Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash, cash equivalents and restricted cash $ 25,544 $ 11,299
Accounts receivable, net (Note 9) 7,001 5,196
Inventories 5,087 6,161
Prepaid expenses and other current assets 10,480 5,480
Deferred costs, current portion 3,809 3,281
Notes receivable from franchisees, net (Note 9) 1,833 1,288
Total current assets 53,754 32,705
Property and equipment, net 12,375 13,694
Goodwill 147,863 139,680
Intangible assets, net 106,502 98,124
Deferred costs, net of current portion 39,608 35,445
Notes receivable from franchisees, net of current portion (Note 9) 2,399 2,576
Other assets 584 614
Total assets 363,085 322,838
Current Liabilities:    
Accounts payable 14,880 18,339
Accrued expenses (Note 9) 14,985 13,764
Deferred revenue, current portion 21,567 14,247
Notes payable (Note 9) 958 970
Current portion of long-term debt 2,120 5,795
Other current liabilities 2,259 1,804
Total current liabilities 56,769 54,919
Deferred revenue, net of current portion 89,231 74,361
Contingent consideration from acquisitions (Note 15) 26,620 8,399
Long-term debt, net of current portion, discount and issuance costs 91,857 176,002
Other liabilities 4,460 4,408
Total liabilities 268,937 318,089
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest 291,404  
Member's/Stockholders' equity (deficit):    
Additional paid-in capital  
Member’s contribution   113,697
Receivable from Member/shareholder (Note 9) (10,600) (1,456)
Accumulated deficit (386,660) (107,492)
Total stockholders'/member's equity (deficit) (397,256) 4,749
Total liabilities and equity (deficit) 363,085 $ 322,838
Redeemable Convertible Preferred Stock    
Current Liabilities:    
Redeemable convertible preferred stock, $0.0001 par value, 400,000 shares authorized, 200,000 shares issued and outstanding as of September 30, 2021, no shares authorized, issued and outstanding as of December 31, 2020 200,000  
Undesignated Preferred Stock    
Member's/Stockholders' equity (deficit):    
Undesignated preferred stock, $0.0001 par value, 4,600,000 shares authorized, none issued and outstanding as of September 30, 2021, no shares authorized, issued andoutstanding as of December 31, 2020  
Class A Common Stock    
Member's/Stockholders' equity (deficit):    
Common stock 2  
Total stockholders'/member's equity (deficit) 2  
Class B Common Stock    
Member's/Stockholders' equity (deficit):    
Common stock 2  
Total stockholders'/member's equity (deficit) $ 2